Rose P Petroleum p plc Corpor orate p e pres esentation on (AIM: ROSE) OIL & GAS EXPLORATION 14 May 2018 www.rosepetroleum.com www.rosepetroleum.com www.rosepetroleum.com
Disclaimer The information contained in this presentation (the "Presentation" ) has been prepared by and is the sole responsibility of the directors of Rose Petroleum PLC (the "Company" ). This Presentation is not intended to be, and should not be construed as, any advice on the merits of, or any recommendation to any recipient or reader of this document in relation to, the purchase of securities in the Company. Recipients and readers of this document should seek their own independent legal, investment and tax advice as they see fit. The content of the Presentation has not been approved by an authorised person within the meaning of the Financial Services an d Markets Act 2000 (“FSMA). Reliance on the presentation for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. 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Notwithstanding this, nothing in this paragraph shall exclude liability for any such representation or warranty made fraudulently. The distribution of this document in certain jurisdictions may be restricted by law and therefore persons into whose possessi on this document comes should inform themselves about and observe any such restrictions. Any such distribution could result in a violation of the law of such jurisdictions. Neither this document nor any copy of it may be taken or transmitted into the United States, Canada, Japan and the Republic of Ireland or distributed to the United States, Canada, Japan or the Republic of Ireland or to any national, citizen or resident thereof or any corporation, partnership or other entity created or organised under the laws thereof. www.rosepetroleum.com www.rosepetroleum.com www.rosepetroleum.com 2 2
Executive summary Rose Petroleum PLC (AIM: ROSE) is a North America-focused oil and gas company • earning into 75% working interest (“WI”) in approx. 80,000 acres (125sq miles) in the Paradox Basin, Utah, U.S.A. Company focused on drilling its first appraisal well in Paradox Basin by end of 2018 • 40sq mile of modern, high quality, 3D seismic data acquired end of 2017 • Additional acreage acquired based on results of seismic survey • ~60 drill targets identified on 3D seismic area • Within 3D seismic covered acreage Rose has potential for Unrisked Prospective • Recoverable Resources of 38mmboe gross mean in Clastic 21 only Permitting for first two well locations underway: permits expected in Q3 2018 • Experienced operational team with successful track record in Basin • Drilling of first appraisal well planned for Q4 2018 • Funding discussions with potential industry and financial partners underway • CLEAR STRATEGIC FOCUS AND SIGNIFICANT VALUATION UPSIDE POTENTIAL www.rosepetroleum.com 3
Paradox Basin Rose acreage Prolific Rocky Mountain Basin Exploration and production from 1961 • Major fields – Aneth, Lisbon have produced over • 550mmbo and 1.2 TCF www.rosepetroleum.com 4
Paradox Basin Overview(1) • History of operational success • Total cumulative production from Cane Creek Field: 7.9 MMBO and 5.7 BCFG Directly South of Rose acreage (12 miles) • Rose Acreage • Strong potential economics • Gross well EUR: 894kboe (~0.55mmbo and ~2BCF associated gas) • Appraisal well costs estimated in the region of US$7-8m 28-11 Proven • Substantial land position ~80k net acres Production • Historic production from Clastic 21 – primary target for Rose • Naturally fractured resource play - No need to Frac • Comparable to the highly productive Cane Creek Field nearby Cane Creek Field • Proven production within Rose 3D area – 141kboe to date from 28-11 vertical well, just 365 metres east of Rose’s acreage • Additional reservoir potential Clastic 18/19 www.rosepetroleum.com 5
Paradox Basin Overview(2) • Management team expertise Operations team has extensive experience + strong, successful record in Paradox Basin • Team previously designed and implemented a nine-well drilling programme in Basin for Fidelity • Exploration and Production Eight of those nine wells were commercially viable • Production grew from circa 100 BOPD to over 3,500 BOPD • Rose Acreage • Seismic data acquired in 2017 is of excellent quality 3D seismic covers ~15k acres; ~60 drill locations already identified in Clastic 21 • • Strong relationships in the Basin JV partner Rockies Standard Oil Company • 28-11 Proven Production • Permitting Permitting for GVU29-1 and 22-1 well underway • Regulatory Environment improved by Trump administration • • Excellent local infrastructure 16 inch Gas pipeline runs directly through Rose acreage • Cane Creek Field Road and Rail transport for Oil to Salt Lake City or New Mexico refineries • Grand Junction (1.5hrs drive down I70 highway) local Oil services centre • www.rosepetroleum.com 6
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